Vietnamplus

Prime Minister Nguyen Xuan Phuc will attend the coronation ceremony of Japanese Emperor Naruhito in Tokyo from October 22-23 at the invitation of Japanese government.

The bakery market has enjoyed compounded annual growth of 20-30 percent in recent years and is worth 700 million USD now, the chief of one of the country’s largest bakery chains has said.

Thailand’s Ministry of Commerce has come up with four strategies to boost exports in 2020, including plans to expand existing major markets such as ASEAN, the European Union, the US, Japan, and China.

Ho Chi Minh City’s exports are still growing, but slowing down, and so it needs to take measures to boost them if it wants to retain its position as the country’s economic hub, a conference heard on October 17.

Hanoi Gift Show 2019, the eighth of its kind, kicked off in the capital city on October 17.

Hundreds of enterprises of Vietnam and the United Arab Emirates (UAE) gathered at a trade and investment forum in Ho Chi Minh City on October 17.

The Aquaculture Vietnam 2019 opened in the Mekong Delta city of Can Tho on October 16, drawing more than 100 firms of over 20 countries and territories.

Vietnam’s credit growth is slowing and can fall behind the central bank’s target of 14 percent for 2019, causing concerns that it could make it difficult for businesses to access bank loans during the remaining months of the year.

Prime Minister Nguyen Xuan Phuc said he expects the northern port city of Hai Phong will take the lead in developing a modern agricultural industry while addressing a conference on October 15 to review the implementation of the national programme on new-style rural building areas in the city in 2010-2020.

The Red River Delta province of Hai Duong has launched a design contest to create a symbolic work of the locality.

Vietnam’s textile industry faces many difficulties with both export and production on the decrease due to effects of an intensified China-US trade war, said industry experts.

Vietnam exported nearly 42,200 tonnes of cashew nuts worth 327 million USD to China in the first eight months of 2019, up 60.8 percent in volume and 35.4 percent in value year-on-year.

The administration of Ho Chi Minh City and the British Business Group Vietnam (BBGV) held a conference on October 14 to seek ways for removing difficulties facing British investors.

Deputy Minister of Agriculture and Rural Development Phung Duc Tien told a press conference in Hanoi on October 14 that the agriculture sector expanded by 2.02 percent in nine months of this year despite African swine fever.

Vietnam needs a long-term strategy to increase the quality of its rice exports to create sustainable growth in the future, experts say.

Singapore on October 14 decided to ease monetary policy for the first time in more than three years as the national economy has narrowly avoided recession in the third quarter of 2019.

The Indonesian Government aims to build 31 nickel smelters by 2022, with 20 projected to open next year to help the production of electric car components.

The Asian-African Market Department under the Ministry of Industry and Trade has announced that the General Administration of Customs of China has agreed to allow three more types of Vietnamese seafood to be exported to the country.

Vietnam’s seafood exports have been seriously affected since the European Commission issued an official warning against illegal, unreported and unregulated (IUU) exploitation of Vietnamese seafood.

The steel industry is facing lawsuits against tax evasion and dumping, according to information from the Vietnam Steel Association.